Gerri Willis and I discussed housing on Fox Business this week. I have known Gerri for a long time, as she was a housing industry reporter early in her career and even wrote a couple books on housing investment.
Here is what Gerri pried out of me:
- 47% of home builders raised prices last month, down from 64% the prior month.
- Second home market remains strong.
- It is still a great time to be a buyer, although “market timers” should be more cautious in the most expensive markets (Northern California and New York in particular).The opportunity to buy homes below replacement cost is mostly gone.
If you have any questions, please contact John Burns at (949) 870-1200 or by email.